Libyan Investment Authority: We did not ask the Security Council to lift the freeze on Libyan assets
The Libyan Investment Authority (LIA) has announced that it had not requested the lifting of the freeze on its assets by the Security Council.
LIA added that it was not their intention to lift the freeze on the assets and reiterated that the decisions put in place by the Security Council to freeze the said assets of the Libyan Investment Authority, came at the behest of the Libyan government to protect and preserve all assets and finances of the institution.
The Libyan Investment Authority confirmed in a statement yesterday that they abide by Security Council’s laws and decisions as well as following up with the UN panel of experts to provide all that is necessary for the experts to carry out their duties.
As per the statement, LIA has put a strategy in place to protect the foreign investments which was frozen in 2011, and is trying to change slightly some regulations which would help them not to lose any value on those investments.